Tuesday, Jun 12,2012
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A recent report says a total of 13.7 million young adults between the ages of 19 and 25 joined or stayed on their parents' health insurance plans last year. Of that total, the Commonwealth Fund says 6.6 million would not have been able to do so without the healthcare reform bill.
The group says that group was only eligible for care because of language in the Affordable Care Act which allows young children to stay on their parents' plans until age 26. However, despite that ability, 39 percent did not have health insurance coverage at some point during the year.
"Clearly, young adults recognize the value of health insurance that provides protection against burdensome medical debt and access to needed health care," said Commonwealth Fund President Karen Davis.
The report added that of those who were uninsured when surveyed, more than half had medical debt or a bill problem.
The health insurance industry is also awaiting word from the U.S. Supreme Court on whether it feels the reform bill is constitutional. A ruling is expected sometime this month.
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